REI Lense

REI Lense

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$2,137 (target)

3368 Maple Ave, Cortland, NY 13045

3 beds • 2 baths • 1243 sqft

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This property might be a fair Long-Term investment with a projected 5.63% first-year return on $41,979 initial cash invested.

5.63%

Cash On Cash

7.92%

Cap Rate

1.3

DSCR

$2,137

Rent

$197

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,137 income − $1,940 expenses = $197 cash flow

Income$2,137Mortgage P&I$1,01547%Property Taxes$29914%Insurance$703%Management$21410%CapEx$1075%Vacancy$1286%Maintenance$1075%Cash Flow$197

Investment Breakdown

|

Purchase Price

$200k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$41,979

Downpayment

20%

$39,980

Closing costs

1%

$1,999

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,137

Total Expenses

$1,940

Mortgage P&I

48%

$1,015

Property Taxes

14%

$299

Home Insurance

3%

$70

HOA

0%

$0

Property Management

10%

$214

CapEx

5%

$107

Vacancy

6%

$128

Maintenance

5%

$107

Other

0%

$0

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